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Aug 06 - 07:55 AM

USD/JPY's Rebound Blocked By Key Levels, Downside Risks Persist

By Martin Miller  —  Aug 06 - 05:40 AM
  • Yen steadied Tuesday and a hint of calm returned to markets nL1N3JT0C8

  • Japan shares rally hard after biggest sell-off since 1987 crash nL1N3JT0BB

  • Fin Min: Japan will continue to monitor, analyse market moves nP8N3JM0E1

  • USD/JPY rose from 143.63 to 146.36 on the EBS, in Asia, before A relapse

  • Spot's recovery attempts limited by two key technical levels nL1N3JT0E5

  • USD/JPY's 146.47 Fibo and Monday's 146.55 high caps, downside risks persist

  • EUR/JPY has seen a volatile 157.71-160.21 range, on Tuesday, EBS data shows

Source:
Refinitiv IFR Research/Market Commentary

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